Gov. Scott Highlights $20 Million Allocation in Performance Funding for Higher Education

Today, Governor Rick Scott highlighted $20 million in higher education investments distributed by the Board of Governor’s among universities that demonstrate successes in student performance. The investment in higher education was part of the Governor’s Florida Families First Budget, to incentivize increased college affordability and student readiness in obtaining jobs.

Governor Scott said, “We worked with the Legislature to deliver a win for students and Florida universities. Our goal for supporting students was to ensure they can find a job and pursue their dreams after school. That’s why these millions of dollars are based on our institutions’ effectiveness in preparing our students for the future. These resources will also allow higher education leaders to enhance their universities so they can attract the best talent and provide the best learning environment for students, which is a huge win for Florida families.”

Board of Governor’s Allocation:

University of Florida – $1.7 M

Florida Agricultural and Mechanical University – $870,000

Florida Atlantic University – $1.7 M

Florida Gulf Coast University – $2.2 M

Florida International University – $2.2 M

Florida State University – $2.2 M

New College of Florida – $435,000

University of Central Florida – $2.6 M

University of North Florida – $2.2 M

University of South Florida – $2.6 M

University of West Florida – $1.3 M

 

Criteria for performance funding includes: 1.) Percent of Bachelor’s Graduates Employed and/or Continuing their Education Further 1 Year After Graduation, 2.) Median Average Full-Time Wages of Undergraduates Employed in Florida 1 Year After Graduation and 3.) Average Cost per Undergraduate to the Institution.

 

 

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